Identity theft and cybercrime have become a fact of life in the 21st century at a cost of $600 billion per year. With the right information, a hacker can clean out your bank account in seconds. And they are virtually untraceable. If the loss goes undetected for more than 60 days then the bank isn’t liable to cover cybercrime losses. What’s worse is, if you lose control of your identity, you can have unauthorized transactions, charges, and online activities that haunt you for years, affecting your credit rating and every other aspect of your life.